A few points:

Texas A&M?

Couple of points.

Repairs are always more than the initial parts. If a car has an MSRP of 24K, the cost to completely build it with replacement parts and body shop labor would be way over 30K. Probably twice the MSRP.

Yes, they do. Underwriting assesses your risk to have accidents. If you have accidents, regardless of the purpose of thtt associated travel, your premiums rise.